BackIIT Kanpur gets ₹100 cr in donation from IndiGo cofounder Rakesh Gangwal
In an extraordinary gesture, our alumnus Mr Rakesh Gangwal, Co-Founder of IndiGo airlines has made one of the largest personal donations with a 100 crore contribution focused on supporting the School of Medical Sciences & Technology at IIT Kanpur, IIT Kanpur director said
PremiumIn an extraordinary gesture, Rakesh Gangwal, Co-Founder of IndiGo airlines, has donated ₹100 crore to support School of Medical Sciences & Technology at IIT Kanpur. Gangwal was an IIT Kanpur alumni.
Conveying the message, IIT Kanpur director Abhay Karandikar said in a tweet, Here is big news from @IITKanpur. In an extraordinary gesture, our alumnus Mr Rakesh Gangwal, Co-Founder of IndiGo airlines has made one of the largest personal donations with a 100 crore contribution focused on supporting the School of Medical Sciences & Technology at IIT Kanpur.
After billionaire co-founder Rahul Bhatia was appointed in a newly-created executive role of managing director last month, Rakesh Gangwal stepped down from the airline’s board, and announced his plan to slowly cut stake over more than five years, ending a years-long feud with Bhatia.
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